Agricultural irrigation permits in the Flint River Basin in Georgia had been routinely granted until a moratorium was placed on permit issuance in 1999. This research exploits this policy change within a hedonic-pricing framework to estimate the value of irrigation rights in the southeastern...

Monte Carlo experiments were conducted to compare regression parameter and willingness-to-pay (WTP) estimates using the contingent valuation method's referendum and payment-card questioning formats. Strategic bias was controlled by making responses consistent with the true WTP. Two WTP models...